Why is learning how to save so important? We as humans have a bad habit of when we get money we spend it.

There is an old statement: “Watch your pennies and your dollars will take care of themselves and grow”

As Robert Kiyosaki author of "Rich Dad Poor Dad" says “Don’t buy Do Dads” or don’t buy something that doesn’t make you money or provide a benefit for you and help toward reaching your goal.

In your reading you came across the term Asset Protection. It means exactly what it says protecting your assets, both the ones you have now and also any you accumulate in the future.

Even though you don’t have anything of means right now you might want to think about setting up a Limited Liability Company along with a Charitable Remainder Trust (Better known as a CRT which is a super duper savings account). The best thing is to know what you need before you need it.

On to getting the Right Job/Career:


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Chrissies Premium
Very good advice, many thanks are :)
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amgolf Premium
I wanna be a Millionaire. I have decided.
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ChappyK Premium
Go for it. If I can assist, let me know.
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jtaienao Premium
Thanks for the training Chappy. A lot of very useful information across the board. stayiing out or even getting out of debt can be challenging but achievable.
Jerome
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BetterDays2C Premium
I totally agree with you on not having college debt. We have a son who is now 33. When he got to college, my husband and I paid cash for all of his college. We did not want him to start out his life with even $50,000 in debt. He also got a great education and now makes very good money. Unfortunately, because we did that, we are now in financial trouble. My husband is 75 and I am 64. I need to make back that money just to help us get through retirement. Our son is very generous and does help us from time to time. But he cannot be responsible for us! My husband and I both have had cancer and made it through. Because of that, our monthly health premiums are over $600. I really need to be able to make that back each month. Of course, I would be happy with a little more. I am not greedy. Just want to be able to not have to worry about bills, food, repairs, etc.

Oh, also, I would not MIND being a millionaire. But I really do not see that in the cards. Like I said, I would just like to not have to worry! If you need help, let the community know. Everyone here is sooooo helpful!
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ChappyK Premium
I find it interesting that you don't think you can make it. Try this; Take your review on Wealthy Affiliate (if you don't have one yet then use one of these but personalize it to your style https://j-e-w-s.com/review-of-wealthy-affiliate or https://areyourassetsprotected.com/wealthy-affiliate) Share it with everyone on your email list, Facebook, google+ ... Do not prejudge anyone. Have your son share it to. Soon you might be surprised what happens. Good Luck
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Techiescot Premium
Great article. I keep telling the kids that they need to start saving now ... but they just want to spend spend spend. I will share the ideas in this with them. Thank you.
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ChappyK Premium
There is a board game out called "Cash Flow" Once your kids have played it a few times they might realize that you were right all along.
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